The 10 most in demand markets for real estate investors

Most Read

America's housing market is booming with home prices nationwide now back to where they were a decade ago, just before the financial crisis

Real estate investors are moving back to the Midwest according to a new study of single-family rental property sales nationwide.

Chicago takes the number 1 spot based on the 2-year-data analysis by HomeUnion. The metro saw a 30% jump in investment sales with more than half of single-family homes bought in 2016-17 having absentee owners.

Columbus, OH is next with an 18.1% increase in investment home sales. Atlanta (6.9%), Detroit (2.6%) and New York (2.5%) complete the top 5.

This list highlights the growing popularity of Midwest real estate markets," says Steve Hovland, director of research for HomeUnion. "Rental properties in these metros are trading at a faster rate than before as their local economies continue to grow, the cost of living is lower than it is in most coastal metros, and median local incomes are keeping pace with home values."

By contrast, Florida’s Tampa, Jacksonville and Fort Lauderdale are languishing at the bottom of the list as high prices are pushing out vacation buyers and investors are becoming more selective.